American - Businessman | -
Move fast. Speed is one of your main advantages over large competitors.
Sam Altman
SpeedFastOverMoveCompetitors
The hard part of running a business is that there are a hundred things that you could be doing, and only five of those actually matter, and only one of them matters more than all of the rest of them combined. So figuring out there is a critical path thing to focus on and ignoring everything else is really important.
BusinessPathFocusRestDoingYou
For most of the early hires you make in a startup, experience doesn't matter very much, and you should go for aptitude.
ExperienceYouEarlyGoMatterMost
Don't hire for the sake of hiring. Hire because there is no other way to do what you want to do.
YouWantWayHireHiringBecause
There is a lot of stuff I like. I love backpacking. I love going to an island where I can just sit on the beach and read or scuba dive and sail. I do a lot of that. I still go backpacking around Europe in the summers and staying in hostels. I love that.
LoveBeachSailI CanGoIsland
One thing that founders always underestimate is how hard it is to recruit.
UnderestimateHardAlwaysOne Thing
Never put your family, friends, or significant other low on your priority list. Prefer a handful of truly close friends to a hundred acquaintances.
FamilyFriendsNeverLowSignificant
A lot of people don't love their bank.
LovePeopleBankLot
People appreciate when you make an effort to speak their language.
EffortPeopleSpeakLanguageYou
People hate searching.
HatePeopleSearching
That culture of frugality and discipline is really important for the Y Combinator mindset.
DisciplineCultureMindsetImportant
Everyone is looking for the hack, the secret to success without hard work.
WorkHard WorkSuccessLookingHard
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